Hennepin County, Minn. Signs $4.8 Million Agreement with Netsmart Technologies for Behavioral Healthcare Software and Services
November 18 2005 - 7:00AM
PR Newswire (US)
Web Services and Mobile Case Management Capabilities Included in
Multi-Faceted Program for Progressive County Health and Human
Services Organization GREAT RIVER, N.Y., Nov. 18
/PRNewswire-FirstCall/ -- Netsmart Technologies, Inc.
(NASDAQ:NTST), a leading provider of enterprise-wide software for
health and human services organizations, today announced that it
has been awarded a three-year $4,847,250 software and services
contract by the Hennepin County, Minn. Human Services and Public
Health Department. Software revenue, which includes license, labor
and maintenance revenue, is expected to be $2.5 million in the
first year of the contract. Recurring revenue from maintenance,
interface support and upgrades is expected to total $2.3 million
for the second and third years. "Hennepin County has been
recognized nationally as a leader in using information strategy to
provide better and more efficient services to its residents," said
James Conway, chief executive officer, Netsmart Technologies, Inc.
"We've been a strategic partner to Hennepin County for three years,
and we look forward to continuing to play a key role in their
information management and technology initiatives over the next
three years. Their ongoing focus on innovation and enhancement of
information technology fits well with our mission of helping our
clients deliver increasingly effective care at increasingly higher
levels of business efficiency." The agreement expands upon
Netsmart's existing relationship with Hennepin County, and includes
licensed software, on-site product support, project management
resources, and development of interfaces to support new initiatives
developed by Hennepin to help its more than 1,700 clinical and
administrative staff provide mental and public health services to
more than 74,000 clients. "Netsmart has a strong track record of
providing us with quality software, domain knowledge and project
management expertise to help us better serve our consumers," said
Don Holmberg, area manager, technology/records management, for the
Hennepin County Human Services and Public Health Dept. "This new
contract will help take us to the next level over the next three
years, with deployment of Web services, remote case management and
other key initiatives." In addition to enhancements to current
software, Netsmart will provide: * Web services, enabling Hennepin
staff to easily import data into any of the options within Hennepin
County's Human Services Information System (HSIS), and import data
directly into service authorizations. Web service functionality is
also designed to enable Hennepin County to streamline existing
applications, including Bus Card management. * Mobile computing
capabilities, which are designed to let Hennepin County Human
Services and Public Health case workers use notebook or tablet
computers to download consumer information and enter data while on
field visits. All data on the devices is encrypted, and will
automatically synchronize when transmitted from the remote device
to a Hennepin County host computer * Netsmart's CareNet, a
HIPAA-compliant Web-based service that is designed to furnish
secure access to demographic, authorization and adjudication
information to authorized Hennepin County staff * Disaster
recovery, quality assurance and upgrade maintenance services * A
module designed to manage the clinical, administrative, financial
needs of Hennepin's public health programs For more information
about Netsmart Technologies solutions, visit http://www.ntst.com/
About Netsmart Technologies, Inc. Netsmart Technologies, Inc.,
based in Great River, N.Y., is an established, leading supplier of
enterprise-wide software solutions for health and human services
providers, now with over 1250 clients, including 30 systems with
state agencies. Netsmart's clients include health and human
services organizations, public health agencies, mental health and
substance abuse clinics, psychiatric hospitals, and managed care
organizations. Netsmart's products are full-featured information
systems that operate on a variety of operating systems, hardware
platforms, and mobile devices, and offer unlimited scalability.
Statement on Behalf of Netsmart Technologies, Inc. Statements in
this press release may be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "believe," "estimate," "expect,"
"intend" and similar expressions, as they relate to the company or
its management, identify forward-looking statements. These
statements are based on current expectations, estimates and
projections about the company's business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from
what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above and those
risks discussed from time to time in Netsmart's filings with the
Securities and Exchange Commission. In addition, such statements
could be affected by risks and uncertainties related to product
demand, market and customer acceptance, competition, pricing and
development difficulties, as well as general industry and market
conditions and growth rates, and general economic conditions. Any
forward-looking statements speak only as of the date on which they
are made, and the company does not undertake any obligation to
update any forward-looking statement to reflect events or
circumstances after the date of this release. Information on
Netsmart's website does not constitute a part of this release.
DATASOURCE: Netsmart Technologies, Inc. CONTACT: Dave Kishler of
Netsmart Technologies, +1-614-764-0143, Ext. 7252, ; or Stu Fine of
Carpe DM for Netsmart Technologies, Inc., +1-908-490-0075, Web
site: http://www.ntst.com/
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